Senior Director, Risk Management

PayPal; Omaha (NE); Hybrid; USD 143,000 - 286,000; Full time

Job summary

An established industry player is seeking a Sr. Director of Risk Management to oversee operational risk and third-party management. This pivotal role involves enhancing risk frameworks and ensuring compliance with regulations. The ideal candidate will have extensive experience in operational risk management and strong leadership skills, driving effective risk strategies in a dynamic environment. Join a forward-thinking company that values innovation and collaboration, and make a meaningful impact in a role that offers both challenges and rewards.

Benefits

Flexible Work Environment

Employee Share Options

Health Insurance

Life Insurance

Qualifications

• 12+ years of experience in operational risk management or related field.
• Strong knowledge of operational risk frameworks and regulatory requirements.
• Experience in developing third-party risk management programs.

Responsibilities

• Drive adoption of the operational risk management framework.
• Lead the third-party risk management program, including due diligence.
• Enhance operational resiliency to ensure continuity during disruptions.

Skills

Operational Risk Management

Third-Party Risk Management

Analytical Skills

Leadership

Communication Skills

Education

Bachelor’s Degree in Business

MBA or Advanced Degree

Job description

The Company
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.

We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.

Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.

Job Description Summary:
Reporting to the SVP, Enterprise Risk Officer, the Sr. Director, Risk Management is responsible for overseeing and managing the company’s operational risk, with a specific focus on third-party risk management, affiliate services, and operational resiliency. This person will play a critical role in ensuring the company’s operations are efficient, effective, and in compliance with regulations and industry best practices.

Job Description:
Responsibilities
Key Responsibilities

• Drive adoption of the operational risk management framework for the company.
• Lead and enhance the company’s third-party risk management program, including due diligence, monitoring, and reporting.
• Establish and maintain effective relationships with key process owners and ensure that their services comply with the company’s standards and expectations.
• Enhance the operational resiliency program to ensure that the company’s critical operations can continue in the event of a disruption or disaster.
• Develop and implement metrics and reporting to effectively monitor and communicate the company’s operational risk profile to senior management.
• Provide advice and guidance to business units on operational risk management matters.
• Collaborate with internal and external stakeholders to ensure that the company’s operational risk management practices are aligned with industry best practices and regulatory requirements.
• Monitor and assess emerging operational risk issues and trends, and develop strategies to mitigate risks to the company.
• Manage and develop a team of operational risk management professionals.
• Prepare and provide regular updates to Parent and international Boards, authorized committees and working groups as appropriate.
  
  
  

Qualifications
To qualify, candidates must have:

• Bachelor’s degree in business, finance, or a related field; MBA or other advanced degree preferred.
• 12+ years of experience in operational risk management or a related field, with at least 5 years of experience in a leadership role.
• Strong knowledge of operational risk management frameworks, industry best practices, and regulatory requirements.
• Demonstrated experience in developing and implementing effective third-party risk management programs.
• Strong analytical and problem-solving skills, with the ability to identify and mitigate operational risk issues.
• Excellent communication and interpersonal skills, with the ability to build effective relationships with internal and external stakeholders.
• Strong leadership and management skills, with the ability to manage and develop a team of operational risk management professionals.
• Ability to work effectively in a fast-paced, dynamic environment, and to manage multiple priorities and projects concurrently.
  
  
  

PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is $143400 to $285450

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com

Who We Are:

To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx

Commitment to Diversity and Inclusion

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at [e-mail].

Belonging at PayPal:

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.

Notice to Applicants and Employees who reside within New York city. Click https://careers.pypl.com/Contact-Us/default.aspx

to view the notice.

REQ ID R0126448